Word on the Street: Tether resumes peg but bank relationship still dubious ByAndrew GillickPRO INVESTOR Updated: 04 October 2021 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage The overall crypto market cap has declined ~1.9% over the past 5 days from ~$209b to ~$205b. After being hammered in the past week the S&P500 has rebounded ~3% and Bitcoin’s correlation with the S&P continued its October downtrend, declining on the week to a semi-weak correlation of .2. The stock market came back with a bounce in the past two days with chipmakers leading the way – Nvidia one of the biggest chipmakers for crypto mining GPUs bounced over 10% since the start of the week. Join Our Telegram channel to stay up to date on breaking news coverage